With the reality of inperson classes amid the pandemic. A surprise cfo shakeup is sending one stock at the center of the coronavirus sinking and tesla and when it comes to electric vehicles. Evs. You are watching Worldwide Exchange here on cnbc good morning. Im dominic chu in for Brian Sullivan today stock market indicating modest moves. You have moves with the dow implied higher higher by 26 and by just about five points. This is after the s p 500 after multiple tries and record high since february from that march 23 bottom to yesterday marks the end of the shortest bear market in u. S. History at 148 days. A 35 drop for the s p and 55 rise to those record levels we are right now. The s p not alone. Continuing to outperform coming off its 34th record close of the year just yesterday. In bonds, the 10year currently sits moving a little bit around 6. 5 or 4. 1 as the fed prepares to meet the minutes from the policy position later today. Let us go worldwide. Geoff cutmore with us with th
Apple is above 467. 77 making it the first u. S. Company to have a market cap above 2 trillion, a discussion a few moments ago about tim cook and how he has led stewardship of the company through all kinds of cross currents josh lipton joins us to talk more about that. Josh, its funny to look at that change of market cap and think back to some of the more cautionary calls weve gotten in the past few weeks from the likes of b of a who worry about margin pressure on phones, margin pressure on services, less impact from the buyback and so forth yeah. Listen, you look at this recent run, carl, obviously they had those earnings in late july that blue past the streets expectation. You saw strong growth in sales of the new low cost iphone sc. You can chalk this recent run to a few big trends one, theyll say listen in Uncertain Times cash is king and obviously apple has a lot of it, net cash position of 81 billion and counting also, that work from home trend is clearly helping apple or at leas
Believe me when i say because of a huge corner of netflix, this could stay on a decline and move up nicely. Dow climbing. S p climbing and nasdaq climbing 72 . I know there are some people who will try to ascribe any strength to the market that the central bank will announce an initiative. Buy a lot of assets. Get europe going. These tend to be the same folks who think every move up or down are the same. Were all a bunch of puppets here right . If europe matters, it can only matter negatively. I wont mean a ching without the german nation saying they want to help out their neighbors. Remember, their probalance budget, thats something that Angela Merkel aka in a pant suit prides herself on it. Other people say that because Interest Rates could be going a little higher stocks might break out of their funk because that would be a sign that the world is not coming to an end. Sorry. The world not coming to an end is, again, not a reason to buy stocks. Finally, you know what i heard what the
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday. A number of other research firms have also recently issued reports on JKHY. Robert W. Baird lifted their target price on Jack Henry & Associates from […]
Scout Investments Inc. trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,734 shares of the technology company’s stock after selling 17,972 shares during the quarter. Scout Investments Inc. […]